While experts are seeing a softening of consumer interest in new cars, Black Book is noticing the values for traditional two-door and four-door vehicles are keeping wholesale prices stronger than what’s typically witnessed during the summer. More evidence of current trends arrived on Monday through Black Book, which released its latest Used Vehicle Retention Index. […] [Read More]

Bernie Moreno Companies (BMC) has made an investment in the Dryver personal driver service to help the company boost activity in current markets and support new growth. The BMC dealership group announced Monday that it has partnered with Dryver to expand its business, but details and terms of the investment and partnership have not been disclosed. […] [Read More]

On each day of this year’s upcoming National Auto Auction Week, a 2018 Chapter Auction of the Year Award winner will be announced as a finalist in the running for NAAA’s Auction of the Year Award for Excellence in Community Service. In a recent letter to NAAA members, National Auto Auction Association president Warren Clauss […] [Read More]

Avis Budget Group will be providing Lyft drivers on-demand access to Avis vehicles through a partnership announced Monday between the companies. The rental company is adding thousands of Avis vehicles to the Lyft Express Drive program throughout North America. With this Avis partnership, Lyft drivers can reserve rentals from Avis from the Lyft app. “With a […] [Read More]

More than 100,000 credit union members now could have a clear path to financing a vehicle purchase if they use online retailer Carvana. Firstmark Credit Union — founded in 1932 by 10 teachers within the San Antonio Independent School District — recently partnered with Carvana. Members now have access to a Carvana + Firstmark co-branded […] [Read More]

Soon college students will be returning to campuses nationwide for the start of the fall semester. Triggered by four primary reasons, Swapalease.com is providing students with a practical alternative to buying a vehicle that fits their needs, without tacking on crippling debt. Swapalease can allow students to take over a lease on their own terms.  Students […] [Read More]

GWC Warranty acknowledged that perhaps the most difficult obstacle to overcome in the dealership F&I office is getting customers to trust that the products store personnel are offering will be worth the added cost. The provider of used-vehicle service contracts sold through dealers insisted in a recent blog post that establishing trust is the first […] [Read More]

Morgan Auto Group has expanded its portfolio to a total of 32 dealerships with the addition of two new stores that will be led by Jerry Clark. The company announced Friday that its newly acquired Brandon Hyundai and Brandon Mitsubishi stores in Tampa, Fla., represent its first and third Hyundai and Mitsubishi dealerships, respectively. “The Brandon Hyundai […] [Read More]

Faraday Future has brought aboard Henry Hong Liu to head the company’s global legal, government, administration and capital affairs. The company announced Wednesday that Liu will take on the positions of  global chief administrative officer, global executive vice president and global general counsel. Liu, an expert in international legal, banking and regulatory affairs, brings over two […] [Read More]

In looking at Canadian certified pre-owned sales reports provided to Auto Remarketing Canada, the highlight of July was perhaps Volkswagen, which posted its best month for CPO sales in history. VW moved 2,137 certified vehicles in July, compared to 1,683 units a year ago. Year-to-date, its numbers are up more than 30 percent, having sold 12,349 […] [Read More]